Snapshot for Bloomberg Dated Brent Crude Oil 10-24 Day Forward Strip Price/Mediterranean (STRPMEDI)

Rate Profile Information for STRPMEDI

All European crude oil prices are derived by adding the quoted/traded differential during a trading session to the North Sea Strip which, as of Apr 2003, has replaced dated brent/BFO as the underlying for calculating outright crude oil prices. The North Sea Strip, STRPNORT comdty , is derived from Date Brent/BFO or Contract for Difference (CFD's) 10-21 days forward. The Mediteranean Strip, STRPMEDI comdty , is derived from Dated Brent/BFO or Contract for Difference (CFD's) 10-24 days forward to reflect the regional delivery timing. From July 1st 2002, Dated Brent was modified to include two Norwegian crude Oseberg and Forties, and is now often refered to as Dated BFO. The value fo Dated Brent/BFO is set by the cheapest crude from the three abovementioned blends.